• Filing Date: 2018-05-15
  • Form Type: 10-Q
  • Description: Quarterly report
v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities    
Net income (loss) $ (597,104) $ (1,812,051)
Non cash items    
Accretion expense   1,046,271
Accrued interest 338,222 243,343
Financing costs   362,720
Foreign exchange gain (loss) 4,891 (1,323)
Change in fair value of derivative liability (247,960) 3,181
Stock-based compensation (11,720) 99,710
Changes to operating assets and liabilities:    
Accounts receivable   12,400
Prepaids (3,196) 3,669
Accounts payable 3,632 (958)
Accrued liabilities (1,995) 12,342
Wages payable   49,600
Due to related parties 839 135,580
Net cash provided by (used in) operating activities (4,813) (48,652)
Cash Flows from Financing Activities    
Proceeds from notes and advances payable 4,756 58,614
Net cash provided by financing activities 4,756 58,614
Cash Flows from Investing Activities    
Effects of foreign currency exchange (61) 30
Net increase (decrease) in cash (118) 9,992
Cash, beginning of period 3,849 3,794
Cash, end of period 3,731 13,786
Supplemental Disclosure of Cash Flow Information:    
Income tax
Interest